Price of gold moves closer to $1,200 an ounce, bringing more income to mining companies and gold owners, but business is not so good for retailers and wholesalers
A top finance official in Dubai says the emirate's government will not guarantee the debts of the heavily-indebted, state-owned conglomerate Dubai World.
Financial markets in Dubai and other Arab emirates plunged about seven percent early Monday, with investors worried about Dubai's ability to pay back $60 billion in debt
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